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BLM Info: Land for Sale? Return to Federal Citizen Information Center Home Page Printer-friendly page -- ARE THERE ANY PUBLIC LANDS FOR SALE? Does the Federal Government ever sell public land? The answer is yes. Lands identified as excess to the public's andGovernment's needs or more suited to private ownership are sometimes offeredfor sale. This brochure explains the procedures and where to go for moredetails. First, it's important to understand the Federal Government has twomajor categories of property which it makes available for sale: real propertyand public lands. Real Property is primarily developed land withbuildings, usually acquired by the Federal Government for a specific purpose,such as a military base or office building. If you are interested in realproperty, contact the General Services Administration (GSA). This Federalagency is responsible for selling developed surplus property. Addresses andtelephone numbers for the GSA regional offices are listed in the back of thisbrochure. Public Land is undeveloped land with no improvements,usually part of the original public domain established during the westernexpansion of the United States. Most of this land is in the 11 Western Statesand Alaska, although some scattered parcels are in the East. This land is theresponsibility of the Department of the Interior's Bureau of Land Management(BLM). (Note: Because of land entitlements to the State of Alaska and to AlaskaNatives, no public land sales will be conducted in Alaska in the foreseeablefuture.) The BLM does not offer much land for sale because of a congressionalmandate in 1976 to generally retain these lands in public ownership. The BLMdoes, however, occasionally sell parcels of land where our land use planningfinds disposal is appropriate. We receive numerous questions about land sales and have prepared pageto answer the most common ones. You may also obtain more detailed informationfrom one of the -- BLMstate offices . Where are these public lands? Almost all are in the Western States of Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, and Wyoming. There are also small amounts in Alabama, Arkansas, Florida, Illinois, Kansas, Louisiana, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Washington, and Wisconsin. There are no public lands managed by the BLM in Connecticut, Delaware, Georgia, Hawaii, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, and West Virginia. Is any of this land available free through homesteading? No. Congress has repealed the Homestead Act. What lands are available? Although homesteading is a thing of the past, the BLM does have some lands suitable for purchase by private citizens. These are lands that have been identified as unneeded by the Federal Government or as better utilized in private ownership. By law, these lands are made available for sale at no less than fair market value. How are these lands selected for sale? The law states that the BLM can select lands for sale if, through land use planning, they are found to meet one of three criteria: 1) they are scattered, isolated tracts, difficult or uneconomic to manage; 2) they were acquired for a specific purpose and are no longer needed for that purpose; or 3) disposal of the land will serve important public objectives, such as community expansion and economic development. What do the lands look like? Land types vary widely. Some may be desert; some are rural. Some are small parcels of just a few acres; some are several hundred acres in size. Is any land suitable for farming? Any lands with agricultural potential will be clearly identified in the sale notice. However, most public lands have little or no agricultural potential. On the average, what would public land cost per acre? There is no "average" cost. Each parcel is evaluated separately through established appraisal procedures, based on the value of surrounding parcels. Fair market value is determined for each parcel. No parcel can be sold for less than fair market value. How is the land actually sold? The BLM has three options for selling land: modified competitive bidding where some preferences to adjoining landowners are recognized, direct sale to one party where circumstances warrant, and competitive bidding at public auction. The sale method is determined on a case-by-case basis, depending on the circumstances of each particular parcel or sale. Are there any preferences for veterans? No laws currently exist allowing the BLM to give veterans any preference for land purchases. Where can find out about land that is going to be sold? Your best source is the BLM office with jurisdiction over the area you're interested in. The BLM State Offices and their jurisdictions are noted in the back of this brochure. They can send you sale information. Sale information will also be published and broadcast in local news media. Where are land sales held? They are held near the area to be sold, either at the local BLM office or in a suitable public location. Sales by the BLM are not held in Washington, D.C. Are there any restrictions on who can bid on these parcels? Federal law states that the BLM can sell public land only to U.S. citizens or corporations subject to Federal or State laws. Must I appear in person to participate at the sale? Your personal appearance is not required, but it is always to your advantage to examine the parcel and know exactly what you are bidding on. Sales can be conducted by oral bid, sealed bid, or a combination of both. However, even if only oral bidding is allowed, you can be represented by an agent. Details on procedures for a particular sale are specified in the sale notice available from the BLM. The notice will specify type of sale, the percentage of the full price that must be deposited with each bid, and the time period allowed for full payment. The highest qualified bidder is eligible to buy the land; the deposits of unsuccessful bidders are returned Now is payment made? Is there financing available? A certain minimum percentage of the full price is required with each bid. If you are the successful high bidder,the balance must be paid in full to the BLM within a set period of time before a deed or patent can be issued. Long-term financing must be arranged through private lenders. Once the BLM issues my deed, can I do anything I want with the land? Yes, according to the terms of the deed and subject to State or local restrictions. The sale notice will clearly specify any Federal reservations or conditions of sale. These might include reserving mineral rights to the Federal Government, or allowing some currently authorized uses, such as grazing, to continue for a certain period of time, or reserving rights-of-way or easements for powerlines, pipelines, etc. You are advised to review these conditions carefully so that you fully understand what your deed does and does not include. What about local taxes, zoning, etc.? Once you receive title, the land is subject to all applicable State and local taxes, zoning ordinances, etc. Are water, power, and sewer service available on all parcels? You should check with the city or county involved to see if such services are available. Are there roads or easements that guarantee I can get to the property? The sale notice will explain legal access to the property or any access restrictions. You are advised to check out the parcel before you buy, including finding out if available access meets your needs. I'd like to find out what parcels the BLM currently has listed for sale. Where can I obtain that information? The -- BLM State Offices are your best source. They can tell you what sales are currently scheduled and what prospects are coming up. You can write, call, or visit them periodically for latest details. If a sale is currently scheduled, information can be requested from the BLM describing the property and method of sale. More detailed information, such as land reports, environmental assessments, etc., is also available upon request for a small copy fee. TAX DELINQUENCY SALES Some local governments sell private land on which taxes have been delinquent to satisfy the tax debt. The Federal Government has no involvement in these sales. The best source for information is the local county tax assessor in the area involved. STATE LAND PROGRAMS State governments sometimes sell state-owned land. Information on these types of sales can be obtained through the State Lands Office in the State capital. Return to Federal Citizen Information Center Home Page Printer-friendly page --
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Alaska Premier Realty, Alaska Real Estate, Soldotna Real Estate, Kenai Real Estate, Seward Real Estate, Homer Real Estate, Kenai Peninsula Borough Real Estate, Kenai Peninsula Real Estate, Homes for sale in Alaska, Homes for Sale in Kenai, Homes for sale in Soldonta, Tracy Prior Select Page Sell your home For Sellers Seller Info Buyer/Seller Tips Search Alaska MLS Your Home's Value Marketing Plan Request Local RE Guide My FICO Score Free Reports Bulletin Board Community Links School Information Apply Online Interest Rates Calculators Real Estate News Resource Center Useful Tools Consumer Links Local Partners Out of State Realtors Favorite Links Contact Form Link To Me Tracy Prior, Broker (907)262-4170 Alaska Real Estate - Kenai Peninsula Borough Soldotna, Kenai, Sterling, Nikiski, Seward, Homer and surrounding areas Featured Homes - Looking for just the right property? Check here first! Buyer/Seller Tips: Read through helpful tips of information on buying or selling your home! 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Real Estate Prices ---
Google Answers: Real Estate Prices --- Leading Indicators Log in | Google Answers Home View Question Ask a Question Q: Real Estate Prices --- Leading Indicators ( Answered , 5 Comments ) Question Subject: Real Estate Prices --- Leading Indicators Category: Family and Home > Home Asked by: nronronronro-ga List Price: $25.00 Posted: 19 Apr 2005 15:33 PDT Expires: 19 May 2005 15:33 PDT Question ID: 511542 Hi There!I was goofing off today, and started looking throughwww.craigslist.com for real estate. I looked at 11 different citiesfrom San Francisco to Phoenix to Washington, D.C.Mini-Eureka moment! I noticed the number of lease-options availablehas increased significantly in each and every city. 11 of 11 towns! The last time I checked www.craigslist.com was 5 months ago.This observation sparked my rusty brain cells. There must be leadingindicators for real estate, in the same way there are leadingindicators for stocks. Here's a list of possible danger signals forreal estate off the "top of my head":1. Increasing lease-options2. Increasing number of days on the market3. Increasing number of unsold homes in a city4. Decreasing ratio of Asking Price/Transaction Price5. Increasing number of homes on the market more than 120 days6. Decreasing number of mortgage applications7. Increasing number of newspaper classified ads for real estateI'm not a real estate guy. But I'm sure some brilliant professor hasdevised a computer model to predict when real estate prices willdecline 6-12 months hence.A 5-star answer would be 5-10 additional leading indicators for realestate. No background material needed. (However, if you happen tofind an objective study on leading indicators then I would love totake a look at that, too.)All comments greatly appreciated!Thanks.ronP.S. Please note that indicators like "Forecasted Job Growth" or"Forecasted Property Tax Receipts" won't help much, precisely becausethey are forecasts and not hard data. The best indicators wouldinvolve hard numbers that can be observed right now, and used to makecomparisons.EXAMPLES:1. Days on the market for San Francisco versus days on the market for Phoenix.2. Days on the market for San Francisco in April 2005 versus days onthe market in San Francisco in January 2002.(This question doesn't involve specific numbers or specific cities. Rather, it involves the kind of indicators one might observe. Thx.) Answer Subject: Re: Real Estate Prices --- Leading Indicators Answered By: easterangel-ga on 19 Apr 2005 16:59 PDT Rated: Hi! Thanks for the question.The National Association of Realtors provides a list of real estateindicators that one can analyze to indicate some trends. Here are someof the indicators that they follow:- Existing Home Sales- Pending Home Sales Index- New Home Sales- Housing Starts- Housing Affordability- Mortgage Rates- Mortgage Applications“Latest Economic Indicators” http://www.realtor.org/Research.nsf/Pages/EcoIndicator The US Census website provides a historical basis for its leadingindicators for real estate. The statistics are from 1900 to 2002.The indicators mentioned in the Census website are the following:- New housing units started - New one family houses sold- Existing one family houses sold- Manufacturing shipments- Index of industrial production- Manufacturing index- Retail Sales- Exports Basis- General Imports“No. HS-40. Economic Indicators for Construction, Real Estate, Manufacturing,Retail, and Foreign Trade Sectors: 1900 to 2002” http://www.census.gov/statab/hist/HS-40.pdf Finally, here is an academic study about real estate prices.“Real Estate Prices and Economic Cycles” http://urbanpolicy.berkeley.edu/pdf/Q_IRER99PB.pdf Search terms used: “real estate” housing economic indicatorsstudies real estate prices filetype:pdfI hope these links would help you in your research. Before rating thisanswer, please ask for a clarification if you have a question or ifyou would need further information. Thanks for visiting us. Regards, Easterangel-ga Google Answers Researcher Request for Answer Clarification by nronronronro-ga on 20 May 2005 15:33 PDT Alas, Phil...only the women in my life are cash-flow positive. Thatis to say, they stay positive when I let the cash flow.heh heh hehThanks for your great insights, Phil. As always!ron Clarification of Answer by easterangel-ga on 20 May 2005 17:43 PDT Hi!Sorry about this but I just have to make a reply to clarifications.Sincerely.Easterangel nronronronro-ga rated this answer: Heavenly answer, easterangel.As always, thanks a million !ron Comments Log in to add a comment Subject: Re: Real Estate Prices --- Leading Indicators From: easterangel-ga on 19 Apr 2005 18:25 PDT You're welcome as well. Subject: Re: Real Estate Prices --- Leading Indicators From: pafalafa-ga on 20 Apr 2005 05:03 PDT Since we're doing some work on the house in DC, I've been paying moreattention that usual to the real estate pages of the Washington Post.One of the sort-of-indicators that they mention often is theincreasing amount of property that is bought as an investment, ratherthan as a first home. They also cite the increasing trends in2nd-home sales.For both of these though, I don't know if there's an actual statistic,or just the observation of people in the business.Nice work, though, easterangel.paf Subject: Re: Real Estate Prices --- Leading Indicators From: nronronronro-ga on 20 Apr 2005 10:52 PDT Thanks, pafalafa!My business partner just purchased a home across the street from theNational Cathedral. He obviously checked out DC. He found the "PMIRisk Index" for DC was very low, whereas the same PMI Risk Index formy state (California) was very high. The only place more risky thanSan Francisco/San Jose was Boston.Rut Row !ron Subject: Re: Real Estate Prices --- Leading Indicators From: silver777-ga on 24 Apr 2005 05:35 PDT Ron,Your application of logic is spot on.Your points 1 to 7 could relate to any real estate market.In fact, I had counted the number of "for sale" ads by COLUMNnot just the pages. I also counted the number of propertiesfor lease. Another gauge might be to weigh the newspaper, orin the least the real estate section. I reckon that the more "for lease" properties tells us a lot about the climate of the sale market. An increase in borrowing rates will impact on the rental rates and realised sale prices,regardless of the asking prices published. Check also the auctionclearance rates.Have you sourced any cash-flow positive properties of late?Phil Subject: Re: Real Estate Prices --- Leading Indicators From: nronronronro-ga on 20 May 2005 15:34 PDT Alas, Phil...only the women in my life are cash-flow positive. Thatis to say, they stay positive when I let the cash flow.heh heh hehThanks for your great insights, Phil. As always!ron Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service . If you feel that you have found inappropriate content, please let us know by emailing us at answers-editors@google.com with the question ID listed above. Thank you. Search Google Answers for all questions answered questions unanswered questions Google Home - Answers Help & Tips - Answers FAQ - Terms of Service - Privacy Policy ©2005 Google
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